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Enterprise Project Management

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What is Enterprise Project Management (EPM)? How does it differ from conventional project management?

A project is an effort a person or group or people undertake in creating unique result, product and service. It is a concept encompassing planning, executing, controlling and closing a mission objective. Burke (2002) asserts this mission objective can be large or small in size, varying among estimated completion period of about a day or years. Managing a project is so challenging because it involves uncertainty and constraint – there is no clear cut formula that works well with every project– and has different attributes (the unique purpose, the required resources, the project sponsor...). This ambiguity forms a paradigm shift for a project manager in succeeding with specific project portfolio. The effective use of tools and techniques however can leverage a project task congruous with applying EPM: The Enterprise Project Management.
EPM according to PMBOK Guide (2008) is the management of all data regarding an organization’s projects. Enterprise project and program portfolio success is dependent on the effective applicability of the project met time, scope and cost goals (Schwalbe, 2011, pp.14). Conventional project management focuses on one project at a time but EPM tends to support an organization project or program portfolio – projects that the organization is pursuing– respectively but in an optimal way acknowledged by industry standards in achieving affirmed goals. Helping organizations and projects succeed is a key role that project managers play. EPM solution assist in prioritizing the various projects undertaken by an organization, the right team to select for specific projects, measure set baselines… with full grasp and control (Besner, C. and Hobbs, B. 2006).
Researchers suggest that a lot of information technology (IT) projects have a high failure

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